FARM/USDT { HARVEST FINANCE } - BULLISH SETUP

ANALYSIS 🔎
- FARM/USDT hit a swing high and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and horizontal support level.
- There's a relatively high concentration of buyers at this zone.
- There's a potential formation of the bullish inverse head and shoulders pattern.
- The minor retracement at the right shoulder is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Breakout above the inverse head and shoulders neckline resistance.

TARGETS 🎯
- Inverse head and shoulders neckline resistance.
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below 0.786 fibonacci retracement level.